The money, which the mayor's office said is leftover from federal and private funds raised to host last year's NATO summit, will add a new park and expand the Circus in the Parks program.

The new park will be built in North Lawndale, near Frazier Preparatory Academy, 4027 W. Grenshaw Ave., the mayor's office said. In 2010, Emanuel pledge to grow the number of parks in the city so that no resident had to walk more than 10 minutes to a park.

Other parks will see upgrades, such as new lights and turf. Those upgrades and the new park will cost $1.7 million, the mayor's office said.